The Shanwick RNCI and Contrail RNCI are measured at the higher of their carrying value or redemption value. As of March 31, 2025, the balances were comprised of the following (in thousands):


	Shanwick RNCI		Contrail RNCI		Total
Beginning Balance as of April 1, 2024	$	5,540	$	7,436	$	12,976
Contribution from non-controlling members	—		—		—
Distribution to non-controlling members	(323)		(180)		(503)
Net income attributable to non-controlling interests	229		521		750
Other comprehensive income attributable to the RNCI	(234)		—		(234)
Redemption value adjustments	(36)		—		(36)
Redemption of non-controlling interests	—		(5,899)		(5,899)
Ending Balance as of March 31, 2025	$	5,176	$	1,878	$	7,054